Global Wealth Management Investment Advisory Inc. Has $4.09 Million Stock Position in Kimberly-Clark Corporation $KMB

Global Wealth Management Investment Advisory Inc. reduced its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 3.7% during the 2nd quarter, Holdings Channel reports. The fund owned 31,754 shares of the company’s stock after selling 1,207 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Kimberly-Clark were worth $4,094,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in KMB. Strs Ohio bought a new stake in shares of Kimberly-Clark in the first quarter valued at about $12,854,000. Citigroup Inc. increased its position in Kimberly-Clark by 86.8% during the first quarter. Citigroup Inc. now owns 509,585 shares of the company’s stock worth $72,473,000 after acquiring an additional 236,733 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its stake in Kimberly-Clark by 270.2% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock worth $140,043,000 after purchasing an additional 718,720 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in Kimberly-Clark by 130.9% in the 2nd quarter. Verdence Capital Advisors LLC now owns 8,547 shares of the company’s stock valued at $1,102,000 after purchasing an additional 4,845 shares during the period. Finally, United Community Bank grew its position in shares of Kimberly-Clark by 340.0% during the 1st quarter. United Community Bank now owns 18,518 shares of the company’s stock worth $2,634,000 after purchasing an additional 14,309 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on KMB. Citigroup cut their price target on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research note on Thursday, October 9th. UBS Group upped their target price on Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Barclays set a $132.00 target price on Kimberly-Clark in a report on Monday, November 3rd. Royal Bank Of Canada reaffirmed an “overweight” rating and issued a $162.00 price target on shares of Kimberly-Clark in a research note on Tuesday, October 28th. Finally, TD Cowen reduced their price objective on shares of Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, October 31st. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $129.80.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $103.85 on Friday. The business has a fifty day simple moving average of $121.10 and a 200 day simple moving average of $128.62. The company has a market cap of $34.46 billion, a P/E ratio of 14.30, a P/E/G ratio of 3.67 and a beta of 0.26. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.61. Kimberly-Clark Corporation has a twelve month low of $99.22 and a twelve month high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.37. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.14 billion. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.83 earnings per share. On average, sell-side analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.